The ‘Bitcoin Maven’ of LA is Facing Jail Time

[kreslik.news]

50-year-old LA resident Theresa Tetley, operating under the name ‘Bitcoin Maven’, is facing a sentence of 30 months in the clink for allegedly operating an illegal money transmitting business.

Using LocalBitcoins.com (a Finland-based ‘over-the-counter’ Bitcoin exchange) Tetley is estimated to have facilitated somewhere between $6-$9.5 million worth of BTC trades between 2014 and 2017, making an annual profit of roughly $300,000.

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Court documents show that Tetley has already pled guilty for conducting an $80,000 transaction involving revenue from drug trafficking; she is also being charged for failing to acquire the appropriate licensure to ... (read more)